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Glencore consolidates DRC copper asset ownership

Global diversified miner Glencore has upped its holding in Democratic Republic of Congo (DRC) copper assets after buying a 31% interest in Mutanda Mining held by billionaire mining tycoon Dan Gertler’s Fluerette Group and a 10.25% stake in Katanga Mining.
Glencore paid Fluerette $922-million for the Mutanda shares and $38-million for the Katanga shares.